About Progetto India Projects Private Limited
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Progetto India Projects Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 22 December 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45202MH2010PTC211211. Its GSTIN is 27AADCN4907D1ZO (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Neelima Architects & Projects Private Limited. It is led by directors Tabish Ahmed and Rajesh Shriharsh Salunkhe.
Its last annual general meeting (AGM) was held on 09 November 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹9.33 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹23.19 Lakh (net margin 2.5%) and EBITDA of ₹30.92 Lakh (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 16% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
Court records list 28 cases involving the company, including 4 filed by the company and 24 filed against it; 9 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website progettoindia.co.in.
Company details
Contact details
Progetto India Projects Private Limited's registered office is in Mumbai, Maharashtra. Its website is progettoindia.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressShop No. 11 Ground Floor Dilkap Center, Off Andheri Kurla Road Sakinaka Andheri East, Mumbai, Maharashtra, India – 400072
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Progetto India Projects Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Progetto India Projects is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Progetto India Projects Private Limited, buy the company report.
Financials of Progetto India Projects Private Limited
FY 2023 filings availableProgetto India Projects Private Limited reported revenue of ₹9.33 Cr (up 286% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 286% growth in the latest year. EBITDA rose 266% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹30.92 Lakh | ||||
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| Net Profit (PAT) | ₹23.19 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 3.3% | ||||
| Net Profit Margin | 2.5% | ||||
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To see the full financial statements and ratios of Progetto India Projects Private Limited, buy the company report.
Board of directors of Progetto India Projects Private Limited
Progetto India Projects has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Shriharsh Salunkhe | Additional Director | 23 Mar 2020 | 6 Years 7 Months | Current |
| Tabish Ahmed | Director | 22 Dec 2010 | 15 Years 10 Months | Current |
Peer comparison
Progetto India Projects Private Limited is compared with the 4 companies closest to it by revenue in the Infrastructure industry (Construction Services), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Saravana Infrastructure Development India Private Limited | ₹9.36 Cr (FY 2023) | 138.0% | Chennai, Tamil Nadu, India | |||
| Nirman Engicons Private Limited | ₹9.34 Cr (FY 2024) | -55.0% | Begusarai, Bihar, India | |||
| Progetto India Projects Private Limitedthis company | ₹9.33 Cr (FY 2023) | ₹23.19 Lakh | 2.5% | 286.0% | 10 | Mumbai, Maharashtra, India |
| Nakron Infra Private Limited | ₹9.33 Cr (FY 2024) | 182.0% | Ghaziabad, Uttar Pradesh, India | |||
| Lolab Valley Constructions Private Limited | ₹9.3 Cr (FY 2025) | 18.0% | Kupwara, Jammu and Kashmir, India |
To see the full peer comparison of Progetto India Projects Private Limited, buy the company report.
Auditor
Progetto India Projects Private Limited is audited by SANTOSH S KADAM & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANTOSH S KADAM & ASSOCIATES | FY 2021 | 124887W |
Shareholding
The shareholding of Progetto India Projects Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Progetto India Projects Private Limited, buy the company report.
Legal cases
Progetto India Projects Private Limited has 28 court cases on record: 4 filed by Progetto India Projects, 24 filed against it. 9 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 24 | 9 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Revision petition | Filed against the company by M/S Square Yards Consulting Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Iifl Finance Limited Through Its Authorized Office Mrs Mitali More | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Kisetsu Saison Finance India Pvt Ltd | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Aditya Birla Finance Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Kisetsu Saison Finance India Pvt Ltd | Disposed |
To see the full case history of Progetto India Projects Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Progetto India Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Progetto India Projects Private Limited has a workforce of 10 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Progetto India Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCN4907D1ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Progetto India Projects Private Limited, buy the company report.
Recent activity
Progetto India Projects Private Limited has 6 board changes on record since 2010: 2 appointments and 4 cessations. The latest: Imran Shaikh ceased to be Additional Director on 31 Mar 2020.
Frequently asked questions
Progetto India Projects is an active private limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 22 December 2010 (16+ years old) and is registered under CIN U45202MH2010PTC211211.
Progetto India Projects has 2 current directors:
- Rajesh Shriharsh Salunkhe - Additional Director
- Tabish Ahmed - Director
The latest financial statements of Progetto India Projects on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 09 November 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Progetto India Projects is 27AADCN4907D1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of Progetto India Projects is U45202MH2010PTC211211. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Progetto India Projects has 28 court cases on record: 4 filed by the company and 24 filed against it. 9 are pending.
Progetto India Projects was incorporated on 22 December 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Progetto India Projects by revenue are Saravana Infrastructure Development India Private Limited, Nirman Engicons Private Limited, Nakron Infra Private Limited, Lolab Valley Constructions Private Limited, all in the Infrastructure industry (Construction Services), with the same principal business activity (buildings).
Imran Shaikh ceased to be Additional Director on 31 Mar 2020. Rukhsana Bano ceased to be Additional Director on 31 Mar 2020. Noor Mohammed Shaukat Ali Shaikh ceased to be Director on 23 Mar 2020. Progetto India Projects has 6 board changes on record in total.
Progetto India Projects can be reached through the website progettoindia.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Progetto India Projects is at Shop No. 11 Ground Floor Dilkap Center, Off Andheri Kurla Road Sakinaka Andheri East, Mumbai, Maharashtra, India – 400072.
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